EX-12.1 2 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES dex121.htm

Exhibit 12.1

BURLINGTON NORTHERN SANTA FE CORPORATION and SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions, except ratio amounts)
(Unaudited)


   
Six Months Ended
June 30,
  
   
2009
  
2008
  
           
Earnings:
          
           
Income before income taxes
  
$
1,127
  
$
1,310
  
           
Add:
          
 Interest and other fixed charges, excluding capitalized interest
  
335
a
274
  
           
 Reasonable approximation of portion of rent under long-term operating leases
          
representative of an interest factor
  
136
  
137
  
           
 Distributed income of investees accounted for under the equity method
  
3
  
2
  
           
 Amortization of capitalized interest
  
3
  
2
  
           
Less: Equity in earnings of investments accounted for
          
under the equity method
  
3
  
7
  
           
 
          
Total earnings available for fixed charges
  
 $
1,601
  
$
1,718
  
           
Fixed charges:
          
           
Interest and fixed charges
  
$
344
a
$
283
  
           
Reasonable approximation of portion of rent under long-term operating leases
          
representative of an interest factor
  
136
  
137
  
           
Total fixed charges
  
$
480
  
$
420
  
           
Ratio of earnings to fixed charges
  
3.34x
  
4.09x
  
           
a Includes a net $32 million loss for terminated interest rate hedges (see Note 2 to the Consolidated Financial Statements).
  

 
 
 
 
 
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